GST DRC-03 Voluntary Payment: When and How to Use It Correctly
Introduction GST compliance is not just about filing GSTR-1 and GSTR-3B on time. Businesses often discover mistakes after filing returns, such as short payment of tax, excess Input Tax Credit (ITC) claimed, or incorrect tax treatment. In such situations, Form GST DRC-03 allows taxpayers to voluntarily pay the outstanding tax, interest, or penalty before or…